The board filed back in with the slow choreography of people pretending they hadn't been texting lawyers in the hallway. Lawson took the head of the table. Lydia set her phone face down. Mason hovered at the wall. Alvarez lingered near the door in case anybody decided the solution was force.
Amelia stood at the far end, remote in hand, page-one calm.
“Let's be efficient," Lawson said. “Ms. Kingsley, you have the floor."
“Thank you." She clicked. The Z reappeared; a new slide replaced it.
**Structure & Control (Summary)**
— Two-step: tender + squeeze-out
— Day-1 operating separation (R&D / Commercial)
— Debt take-out & refinance at group rate
— Governance reset (see next)
She didn't look at Ethan when she said, “Zenia assumes operational control on Day 1. Mr. Thorn transitions to a
